Page 12 - Companies

RBI, govt will work together: CEA on SC's ruling on assets circular

New Delhi, Apr 05 (ANI): While speaking about the Supreme Court's recent ruling on the RBI's February 12, 2018 stressed assets circular, Chief Economic Advisor in the Finance Ministry Krishnamurthy Subramanian said, "It can't be applied very generally and has to be done in a specific manner. So, it's a technical aspect which really can be fixed. RBI and government will be working together to ensure that whatever needs to be done can be done."

Export growth remained weak; non-oil gold imports declined in Jan-Feb this year: RBI Governor

Mumbai, Apr 04 (ANI): Reserve Bank of India Governor Shaktikanta Das addressed media after concluding the first meeting of Monetary Policy Committee (MCP) for fiscal year 2019-20. Speaking to media, he said that the export growth was weak in January and February 2019. He said, "Export growth remained weak in January and Feb 2019. While, imports especially non-oil gold imports declined. GDP projection for 2019-20 is kept at 7.2%, 6.8 to 7.1% for the first half of 2019-20 and 7.3 to 7.4% for the second half."

Jet Airways hopeful to fly 40 more planes by next month: Civil Aviation Secretary

New Delhi, Mar 26 (ANI): While addressing a press conference, Ministry of Civil Aviation, Secretary, Pradeep Singh Kharola on Jet Airways said, "They (Jet Airways) have assured us that no more jets will be grounded, today 35 planes are flying, they will approach the DGCA for the next one month to get the schedule approved for the 35 planes. As per plan the given by Jet Airways, they're hopeful that by the end of next month, they would be able to fly about 40 more planes. If this happens, it comes to about 80% capacity." Civil Aviation Secretary's comments came after meeting with top officials of Airlines regarding current issues pertaining. This comes day after Naresh Goyal and his wife Anita stepping down from Jet Airways board of Directors.

Savings accounts of over Rs 1 lakh will be linked to repo rate: SBI Chairman Rajnish Kumar

Mumbai, Mar 09 (ANI): While talking to the media, SBI Chairman Rajnish Kumar on Saturday said, "Savings accounts of over one lakh and above will be linked to the repo rate and all the working capital loan are theoretically are payable on demand, these loans will be continued to be linked with the Marginal Cost of funds based Lending rate (MCLR)". He also said there will be no specific relief to any account.

Our industry should work harder to pay more taxes for welfare of soldiers: Narayana Murthy

New Delhi, Mar 07 (ANI): Co-Founder of Infosys NR Narayana Murthy stressed on welfare of soldiers of the country. While talking to ANI he said, "Our industry should work hard to make ourselves stronger and pay more taxes so that our soldiers have better ammunition, better salaries, nutrition and they can take care of their families better, I said this in 2014 also, not after Pulwama." He also said, "Most of the solutions or problems are within us. Therefore, I would work harder and would become more innovative."

Business Standard Insurance Round Table 2019

Business Standard Insurance Round Table 2019

Ball lies in court of banks to restructure loans of eligible MSMEs as per guidelines: RBI Governor

New Delhi, Feb 18 (ANI): While addressing the media in the national capital after the post-budget meeting of the Central Board of the Reserve Bank of India (RBI), Governor Shaktikanta Das said, "The ball lies in the court of the banks to implement and restructure the loans of the eligible MSMEs as per the rules and guidelines given in the MSME package announced on January 01, 2019".

In last 5 years there has been reasonably high growth in revenues: Arun Jaitley

New Delhi, Feb 18 (ANI): While addressing the media in the national capital after the post-budget meeting of the Central Board of the Reserve Bank of India (RBI), Union Finance Minister Arun Jaitley said, "Year after year, our experience of the last five years has been that there has been a reasonably high growth as far as revenues are concerned". He further added, "I think India needs fewer and megabanks which are strong because in every sense from borrowing rates to optimum utilisation the economies of scale as far as the banking sector is concerned are of great help".

CASIO introduces new musical instrument

Anaheim (California), Feb 14 (ANI): The world's largest Music Instrument event "Namm 2019" that was recently held Anaheim, California. More than 2000 music instrument companies gathered at this event from all over the world. The event is known as one of the best exhibitions to see the latest music products and trends in music. On the day of event, many music lovers from all over the world were meeting up and having an exciting time experiencing the latest music products. Booth of "CASIO" was one of the most popular places in the event. The latest products "PX-S1000/S3000" which are remarkable pianos were announced as this year's new products. Their slim and compact design included a digital keyboard for the first time. The product has many new features comparing with previous versions such as "design", "Outlook" and "Function". It targets young generation aged between 20 and 40 years. Casio originally developed "Privia" series to make joy of playing piano accessible to more people. The

Rose import in Nepal from India surges for Valentine's Week

Kathmandu (Nepal), Feb 10 (ANI): Valentine's Day is around the corner and demand for red roses has risen significantly in Nepal. Rose from India has gained popularity for its quality among youth in Nepal. According to Floriculture Association Nepal (FAN), about 160,000 stems of roses would be imported for 2019's Valentine's Day from India. Last year, Nepal imported rose worth Nepalese Rs 12.8 Million. This year import is expected to be even higher worth Nepalese Rs 15 Million.

January GST revenue collection crossed Rs 1 lakh crore

New Delhi, Feb 02 (ANI): The total gross Goods and Services Tax (GST) revenue collected in the month of January reached Rs 1, 02, 503 crore of which Central Goods and Services Tax (CGST) stands at Rs 17, 763 crore. This year GST collection is 14 percent higher compared to the corresponding period last year, which was Rs. 89, 825 crore. The total collections for January are as follows: State Goods and Services Tax (SGST) stands at Rs 24, 826 crore while Integrated Goods and Services Tax (IGST) was Rs 51, 225 crore (including Rs 24, 065 crore collected on imports). The Cess accounted for Rs 8, 690 crore which include Rs 902 crore collected from imports. The government has settled Rs 18, 344 crore to CGST and Rs 14, 677 crore to SGST from IGST as the regular settlement. It is worth noting that in the financial year 2018-2019, it is for the third time that GST Revenue collection has crossed Rs One Lakh Crore. This is a significant increase as the revenue collection in December plummeted to

Interim Budget 2019: Centre introduces single-window clearance for Indian filmmakers

New Delhi, Feb 01 (ANI): The Centre announced the introduction of single-window clearance for Indian filmmakers to shoot their films - a provision that was earlier available only to international filmmakers. Finance Minister Piyush Goyal, while presenting the Interim Budget 2019, also announced the introduction of anti-camcording provisions to control the menace of privacy, following which the House erupted into cheers of "How's the Josh".

Interim budget 2019 is a relief for small tax payers: FICCI members

New Delhi, Feb 01 (ANI): Federation of Indian Chambers of Commerce and Industry members hailed interim Budget 2019 presented by interim Finance Minister Piyush Goyal today. "Increasing the slab rate and all the schemes introduced will provide relief to small tax payer", said a FICCI member. "When we add up to overall budget, it is a very good budget", said Deloitte's Neeru Ahuja.

Pradhan Mantri Shram Yogi Mandhan Pension is excellent scheme: FICCI President

New Delhi, Feb 01 (ANI): The president of Federation of Indian Chambers of Commerce and Industry (FICCI) Sandip Somany hailed the introduction of Pradhan Mantri Shram Yogi Mandhan Pension scheme for senior citizens in unorganized sector and termed it as an excellent scheme as it will benefit large number of population.

Middle class cheer, no tax on income up to Rs 5 Lakh this year

New Delhi, Feb 01 (ANI): Union Finance Minister Piyush Goyal presented Budget 2019 in the Parliament on Friday. Reacting on it, Congress leader Shashi Tharoor showed his dissatisfaction and termed it as 'damp squib.' He hailed the increasing of the redemption for middle class tax payers.

Budget 2019: Piyush Goyal lauds implementation of long-pending 'One Rank One Pension'

New Delhi, Feb 01 (ANI): Union Finance Minister Piyush Goyal on Friday presented the interim budget 2019 and said, "Our soldiers are our pride and honour, 'One Rank One Pension', which was pending for the last 40 years, has been implemented by us."

Budget 2019: Piyush Goyal announces setting up of 'Rashtriya Kamdhenu Aayog' for animal husbandry and fisheries sector

New Delhi, Feb 01 (ANI): Union Finance Minister Piyush Goyal on Friday presented budget 2019 in the Parliament. While announcing the budget, Goyal announced an increase in funding and other manner of financial aid for those in the animal husbandry and Fishery sector. Describing the Rashtriya Kamdhenu Aayog, he said, "The Aayog will also look after the effective implementation of laws and welfare schemes for cows. For Gowmata's honour and respect, this government will never bow out." Coming to the fisheries industry, Goyal announced a separate department for fisheries, "India is the second largest fish producing nation in the world, accounting for 6.3 per cent of global production. Registering an average annual growth of more than 7 per cent. The sector provides livelihood to about 1.45 crore people at the primary level. To provide sustained and focused attention towards the development of this sector, our government has decided to create a separate department of fisheries.''

Budget 2019: 2% interest subvention for farmers affected by severe calamities

New Delhi, Feb 01 (ANI): Union Finance Minister Piyush Goyal on Friday presented the interim Budget 2019 and said, "In place of rescheduling of crop loans, all farmers severely affected by severe natural calamities will get 2% interest subvention and additional 3% interest subvention upon timely repayment."

Budget 2019: Previous govts only made promises, we implemented, says Piyush Goyal

New Delhi, Feb 01 (ANI): Union Finance Minister Piyush Goyal on Friday presented the interim budget 2019 and said, "We kept our promise of implementing one-rank-one pension for our soldiers. Previous governments only made promises, we implemented it. Defence budget Rs 3 lakh crore passed,"Piyush Goyal said while presenting interim Budget 2019."

Budget 2019: India is now fastest highway developer in the world, says FM Goyal

New Delhi, Feb 01 (ANI): Union Finance Minister Piyush Goyal on Friday presented the interim Budget 2019 and said, "India is now the fastest highway developer in the world. Infrastructure projects like Eastern Peripheral Expressway and the Bogibeel Bridge which were stuck for years were inaugurated by our government."